1. Attention: We have put together a thread with tips and a tutorial video to help with using the new software. Please take a moment to check out the thread here: Trapshooters.com Tutorial & Help Video.
    Dismiss Notice

Why Gas Prices Are So High

Discussion in 'Politics, Elections & Legislation' started by wireguy, Feb 18, 2012.

Thread Status:
Not open for further replies.
  1. wireguy

    wireguy TS Member

    Joined:
    Jan 29, 1998
    Messages:
    3,715
    http://video.foxnews.com/v/1458886307001/why-are-gas-prices-so-high/?playlist_id=87937
     
  2. X2 fan

    X2 fan Active Member

    Joined:
    Jan 29, 1998
    Messages:
    789
    It would have been nice if O'Reilly would have let Lou get a word in edgewise. That being said, it is total BS that the markets are being manipulated by the oil companies and nothing is being done about it. With nothing being done, it's gonna put a real damper on bringing this economy back to where it needs to be.
    True that they can't simply tell the oil cos. what they can do but how about some incentives that would make them look twice at what is happening now?

    Tim
     
  3. wireguy

    wireguy TS Member

    Joined:
    Jan 29, 1998
    Messages:
    3,715
    http://video.foxnews.com/v/1458886307001/why-are-gas-prices-so-high/?playlist_id=87937
     
  4. X2 fan

    X2 fan Active Member

    Joined:
    Jan 29, 1998
    Messages:
    789
    It would have been nice if O'Reilly would have let Lou get a word in edgewise. That being said, it is total BS that the markets are being manipulated by the oil companies and nothing is being done about it. With nothing being done, it's gonna put a real damper on bringing this economy back to where it needs to be.
    True that they can't simply tell the oil cos. what they can do but how about some incentives that would make them look twice at what is happening now?

    Tim
     
  5. b12

    b12 Well-Known Member

    Joined:
    Jan 29, 1998
    Messages:
    3,049
    The gov. has no intentions in getting the gas market price lowered. Obammers policies has broke the country and he needs every act of revenue he can lay his hands on to supply the lazy bastards he is buying with our tax dollars. Cigaretts are another thing. If they were so bad why let them be legal. Narcotic is a drug and habit forming. But as long as you are will to pay the pusher (GOV) its ok to purchase them. Its no ok to smoke them although you paid for the right. The oil companies and the gov. don't give a damn how high the price of fuel get. As soon as something replaces gasoline for transporation the you will be taxed by the mile from satilite.

    I am not a smoker but if you go into any manufacturing industry the air you breath for 8hrs a day 5 to 7 days a week is at leat 60 times worse on your health tha someones cig. across the room. I don't care for the smoke but dammit they paid for the right to smoke it regardless where they are. As long as the gov. gets the revenue its ok to be the pusher. Bill
     
  6. timberfaller

    timberfaller Well-Known Member

    Joined:
    Feb 24, 2007
    Messages:
    7,948
    Location:
    Eastern Washington
    Because the oil company's CAN.

    If the people would wake up and realize the power they can wheel, things would change.

    If everyone would same home for a week and not buy gas or diesel, the backup effect would cause enormous problems at the refinery's and holding yards!

    What ever happened to the Trucker Strikes over fuel and road taxes?

    If you knew any thing about the "Futures Market" the American would call for its banning and dismantling.
     
  7. halfmile

    halfmile Well-Known Member

    Joined:
    Jan 29, 1998
    Messages:
    15,643
    Location:
    Green Bay Wisconsin
    Timberfaller, learn about futures before you venture an opinion, please.

    Without the futures markets all of your consumables would go through very erratic wide ranging price swings, and you, the consume, as well as the farmers and ranchers would be held hostage by just a few large companies like Cargill and Nestle.

    They are a valuable tool for farmers and ranchers. They also give the little guy a way to be participate in the markets.

    For the record, I can't see how banning drilling in the gulf, giving permits and money to Brazil to take oil we could use, and killing the pipeline could have ANY effect besides what we see now.

    Not to mention closing 3 refineries.

    You can thank the Muslim - In - Chief for this one.

    HM
     
  8. warren

    warren Member

    Joined:
    Jan 29, 1998
    Messages:
    948
    Location:
    Fernley, Nevada
    If people would wake up and realize that it's our Gov't that won't allow drilling and oil exploration in our own country that's causing prices to be high. If you increase the supply the price will go down and there are plenty of people capable of financing drilling and exploration in this country besides the oil companies. I personally have purchased oil drilling rights in Kern County, Calif and was not allowed to drill because there were "Blunt Nosed Lepard Lizards" on the property which were considered an endangered species. That oil is still there waiting.

    warren
     
  9. John Galt

    John Galt TS Member

    Joined:
    Jun 12, 2011
    Messages:
    2,788
    It just might be that gas prices are going up proportionally to world oil prices which are controlled by market forces which the US oil companies can't control any more than any of us can. Funny how whenever gas prices go down nobody thanks "big oil", but when they go up they blame big oil,speculators, the tooth fairy or whatever else they can imagine.

    Halfmile is right.
     
  10. timberfaller

    timberfaller Well-Known Member

    Joined:
    Feb 24, 2007
    Messages:
    7,948
    Location:
    Eastern Washington
    halfmile,

    For every dollar make on the future market Someone has to loose a Dollar!

    I was working cattle when the whole program started, the owner, a very rich stock broker got approached one day while we were working a new load of yearlings.

    They pulled him aside for almost 45 minutes, He came back and took up his job. Started to laugh out loud and we had to stop and ask what was going on.

    His remark, "If I wanted to loose money I would fly to Vegas and gamble"! They tried to get him to get into the cattle futures and he was smart enough to know a money scheme if there ever was one!

    So from a man who made a living off the stock market and other business ventures, I'll take his word on it.

    Oil futures drives up the gas prices, Oil company do not pay for crude based on what the future market is playing out. Its just an excuse to do it.
     
  11. mrskeet410

    mrskeet410 TS Member

    Joined:
    Jan 29, 1998
    Messages:
    3,064
    It seemed like Lou Dobbs had some interesting thoughts. Too bad we didn't get a chance to hear them. There is not much news reporting on any of the "news" networks. Shepard Smith claims his show is the only hour on cable news without commentary.
     
  12. John Galt

    John Galt TS Member

    Joined:
    Jun 12, 2011
    Messages:
    2,788
    Smart farmers and ranchers use the futures markets to lock in prices which reduces their risks, maximizes their profits and protects them against wild swings in the prices of whatever commodity they produce. It's a kind of insurance for them. Successful farmers aren't just good ole boys driving tractors, they are sophisticated businessmen who understand the market for their products. Those who don't don't last long.

    Same goes for oil or any other commodity. Buy locking in prices for jet fuel, for instance, the airlines know the price they will pay for fuel long in advance. Obviously this protects them from cripling fuel price hikes that could bankrupt them.

    There are far too many other examples to list. The objective in these cases isn't to make money, it's to moderate the wild swings in prices paid or received for goods. While it might be fun to blame "evil speculators" like a bunch of liberal boobs, it's senseless. Might as well blame the wind.
     
  13. vmthtr in green bay

    vmthtr in green bay Member

    Joined:
    Feb 27, 2006
    Messages:
    247
    The map above from API shows gasoline taxes by state (combined local, state and federal), which range from a low of 26.4 cents per gallon in Alaska to a high of of 66.1 cents per gallon in California, averaging 48.1 cents per gallon across all states. How does that compare to oil company industry profits per gallon?

    According to this post on Exxon Mobil’s Perspective Blog , “For every gallon of gasoline, diesel or finished products we manufactured and sold in the United States in the last three months of 2010, we earned a little more than 2 cents per gallon. That’s not a typo. Two cents.“
     
  14. John Galt

    John Galt TS Member

    Joined:
    Jun 12, 2011
    Messages:
    2,788
    I'll gladly pay $5 per gallon of gasoline for awhile if it will get rid of this commie, keetie president.
     
  15. TOOLMAKER 251

    TOOLMAKER 251 Active Member

    Joined:
    Jan 29, 1998
    Messages:
    3,398
    I'll go along with Galt.
     
  16. Franklin

    Franklin TS Member

    Joined:
    Jan 29, 1998
    Messages:
    52
    if oil futures prevent or help price spikes or drops, the pump prices seem to follow the price of a barrel of oil as it rises and falls.
     
  17. Stl Flyn

    Stl Flyn Well-Known Member

    Joined:
    Apr 6, 2010
    Messages:
    8,701
    Just more proof that no matter how much oil is produced in this country, it will not matter as far as gas prices. So if it is Obama's fault, are you saying that the Government should step in and regulate your oil companies? Did any of you read the thread that told of how much oil is actually imported to this country compared to exported. How about this. At the very least the oil companies should have those tax cuts that where implemented in the Bush tax cuts, that they said they do not need or want, removed. If they are exporting more oil and gasoline than what is being used here, why are they receiveing tax cuts? Not any different than companies receiving tax cuts to move their jobs overseas! Remember YOUR tax money is going toward those tax cuts, just like the tax dollars that go toward the DEMOCRATIC programs you so hate. Along with the tax cuts for the rich that are supposed to be creating all of these jobs from the top down. Where are these jobs? Fact is the rich have become more rich, and more middle class have fallen into poverty, at the expense of less jobs here in this country.
     
  18. TOOLMAKER 251

    TOOLMAKER 251 Active Member

    Joined:
    Jan 29, 1998
    Messages:
    3,398
    As of this morning Brent is trading above $121 a barrel, mideast oil at $105. The higher prices have more to do with the instability of the middle east then actual supply and demand. Iran announced it will cut off supplying European union countries oil, the other issue is when Israel will decide to launch a strike on Iran. You should expect the national average of gas to reach $4. in the next few weeks.
     
  19. John Galt

    John Galt TS Member

    Joined:
    Jun 12, 2011
    Messages:
    2,788
    It's a liberal myth that oil companies are treated any differently than other companies regarding income taxes. Sadly, there are many who believe this fairy tale. Let's get real, liberals like STF want everybody's taxes raised to pay for their welfare state. BTW, impovershing the rich won't make everybody any richer, it will make us all poorer.
    [​IMG]
     
  20. tinylo

    tinylo TS Member

    Joined:
    Jan 29, 1998
    Messages:
    177
    Pretty sure it's due to the ramp-up in rhetoric against Iran. After loosing our shirts (financially) in Iraq and Afghanistan, some in the US still have an unexplained appetite for another jingoistic war. This is the number one reason why gas prices are up.
     
Thread Status:
Not open for further replies.